Oberbank to Expand in Hungary

The Austrian regional banks plans to open new branches in Hungary

According to Oberbank´s board member Josef Weißl, the Upper-Austrian bank will strengthen its market presence in Hungary. A detailed plan does not exist yet. Oberbank´s management underlined that lay-offs and shutdowns by other banks would bring a big potential in new customers.

Last year, Oberbank recorded only minor losses of € 0.2m in Hungary. Since 2008, Oberbank…